Ahepa 501-11 Inc
- Assets
- $2.5m
- Revenue
- $498.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 85-0458871
Organization Overview
Ahepa 501-11 Inc is located in Albuquerque, NM. The organization was established in 1999. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahepa 501-11 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ahepa 501-11 Inc generated $498.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $446.2k during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO LOW INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bullock President | OfficerTrustee | 1 | $0 |
Paul Miaris Vice President | OfficerTrustee | 1 | $0 |
Nick Chronis Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Christopher Chronis Director | Trustee | 1 | $0 |
Steve Anagnostakos Director | Trustee | 1 | $0 |
John Kapuranis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $496,702 |
| Investment income | $113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $21,198 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,984 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,517 |
| Information technology | $4,586 |
| Royalties | $0 |
| Occupancy | $84,163 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,372 |
| Insurance | $32,794 |
| All other expenses | $12,694 |
| Total functional expenses | $446,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $912 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,262 |
| Net Land, buildings, and equipment | $1,658,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $760,414 |
| Total assets | $2,452,581 |
| Accounts payable and accrued expenses | $34,102 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,495 |
| Total liabilities | $52,597 |
| Net assets without donor restrictions | $2,399,984 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,452,581 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ahepa 501-11 Inc has recieved totaling $6,550.
| Awarding Organization | Amount |
|---|---|
Ahepa National Housing Corporation Fishers, IN PURPOSE: GRANT TO SUPPORT EXEMPT PURPOSE OF ORGANIZATION | $6,550 |
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|---|---|---|
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The Macguire Center El Paso, TX | $178,858 | $665,370 |
Projecthandup Grapevine, TX | $51,069,660 | $5,731,956 |
Boles Childrens Home Inc Quinlan, TX | $12,043,794 | $1,742,939 |
Temenos Community Development Corpo Ration Houston, TX | $5,605,357 | -$300,037 |
Reynolds House Non-Profit Corporation El Paso, TX | $703,756 | $1,361,764 |
House Of Refuge Inc Mesa, AZ | $3,568,215 | $2,806,174 |
Housing Solutions Of Northern Arizona Inc Flagstaff, AZ | $11,849,928 | $2,752,873 |
Littleton Section 8 Housing Corporation Littleton, CO | $110,631 | $1,796,940 |
Huntsman Community Shelter Salt Lake City, UT | $14,233,533 | $1,731,042 |
Reflection Ministries Of Texas Inc Midland, TX | $2,559,712 | $2,275,639 |
Inter-Cooperative Council At University Of Texas Inc Austin, TX | $6,304,599 | $1,430,552 |